The University of Central Florida and the University of South Florida did the best under the new system, which awarded schools points based on three benchmarks: the percentage of graduates employed or enrolled in further education, the average wage of employed graduates, and the average cost to educate each graduate.

UCF and USF will each get $ 2.6 million while FSU will get about $2.2 million and UF will get almost $1.7 million. All 11 state universities will get something as the money is released starting today.

“In this first step into performance funding, we’re excited to be able to reward our universities on students’ post-graduation success,” said Tom Kuntz, chairman of the Board of Governors' budget and finance committee, in a statement.

“Meanwhile, we’re focused on expanding this system into a comprehensive and well-balanced approach that allows for each university to focus on its individual mission while also achieving system goals,” he said.